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Today's Perilous Reversal Stock: Callon Petroleum (CPE)

Trade-Ideas LLC identified Callon Petroleum ( CPE) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Callon Petroleum as such a stock due to the following factors:

  • CPE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $54.2 million.
  • CPE has traded 1.8 million shares today.
  • CPE is down 3.1% today.
  • CPE was up 5.8% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in CPE with the Ticky from Trade-Ideas. See the FREE profile for CPE NOW at Trade-Ideas More details on CPE: Callon Petroleum Company, an independent oil and natural gas company, acquires, explores for, develops, and produces oil and natural gas properties in the Permian Basin in West Texas. Currently there are 13 analysts that rate Callon Petroleum a buy, no analysts rate it a sell, and none rate it a hold. The average volume for Callon Petroleum has been 4.1 million shares per day over the past 30 days. Callon has a market cap of $820.6 million and is part of the basic materials sector and energy industry. The stock has a beta of 1.63 and a short float of 13.6% with 2.46 days to...